Manipal Hospitals, backed by Mubadala, targets $1bn IPO

Manipal Hospitals, a leading chain of private hospitals in India, has announced plans to list its shares on the bourse in a transaction expected to raise about $1 billion.

Founded in 2005 as part of the Manipal Group, the hospital chain operates over 80 facilities across the country. In 2017, Abu Dhabi’s Mubadala Holding took a strategic stake in the company, positioning it as a global player in healthcare.

The potential listing will provide Manipal Hospitals with fresh capital to expand its network and invest in technology. It also signals confidence in India’s private healthcare sector as investors seek growth opportunities. For existing shareholders, the listing could unlock liquidity. Source: Google News – Manipal.